Filing Flows › Blackbaud (BLKB) › Q1 2026
Blackbaud (BLKB) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Blackbaud (BLKB) reported revenue of $281M for the first quarter 2026 (Q1 2026), +4% from a year earlier and -5% from the quarter before. Operating margin was 18.3%, net earnings $31.1M (11.1% of revenue).
Blackbaud, Q1 2026: revenue $281M (+4% year over year), operating margin 18.3%, net earnings $31.1M, operating cash flow $51.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $281M | -5% | +4% |
| Gross profit | $167M | -3% | +7% |
| Operating profit | $51.4M | -13% | +161% |
| Net earnings | $31.1M | -15% | +620% |
| Operating cash flow | $51.5M | -11% | 37× |
| Free cash flow | $49.8M | -10% | 71× |
What changed
Revenue was $281.1M in Q1 2026, up 4% year over year and down 5% from the previous quarter. Contractual recurring was the largest line at 65% of revenue. Contractual recurring added $6.8M year over year (up 4%), 61% of the total change. One-time services and other declined 30%.
Gross margin was 59.2%, up 1.8 points from Q1 2025. Operating profit was $51.4M, a 18.3% margin (up 11.0 points year over year). Of the extra revenue versus Q1 2025, 283% reached operating profit, above the 7% margin then. Operating expenses fell 15% while revenue rose 4%. The fastest-growing cost line was Other operating costs (+10%). Net earnings were $31.1M, up 620% year over year. The effective tax rate was 17.6%.
Operating cash flow was $51.5M (up 3607% year over year), 165% of net earnings. Non-cash charges added back $20.6M of depreciation and amortization and $23.9M of share-based compensation. Working capital and other items used $24.1M. Capital expenditures of $1.7M left free cash flow of $49.8M.
Questions
What was Blackbaud's revenue in the first quarter 2026?
Blackbaud (BLKB) reported revenue of $281M for the first quarter 2026 (Q1 2026), +4% from a year earlier and -5% from the quarter before.
Was Blackbaud profitable in the first quarter 2026?
Operating profit was $51.4M (18.3% of revenue) and net earnings $31.1M.
Source: Blackbaud 10-Q on SEC EDGAR.